Analysis-Google, Apple breakups on the agenda as global regulators target tech
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged…
Regulators Crack Down On Crypto Company Audits After FTX Scandal
Regulators Crack Down On Crypto Company Audits After FTX Scandal John Hugh DeMastri on December 22, 2022 The U.S. Securities and Exchange Commission is increasing scrutiny on firms conducting audits for cryptocurrency…
California regulators approve changes to rooftop solar policy
(Reuters) – California utility regulators on Thursday approved a proposal to reduce the rate at which households with rooftop solar panels are credited for exporting surplus power to the grid, a step…
EU regulators tweak state aid rules to boost broadband rollout
By Foo Yun Chee BRUSSELS (Reuters) – EU competition regulators have revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadband, key to…
EU markets watchdog raps national regulators over Brexit hubs
By Huw Jones LONDON (Reuters) – Regulators in Ireland, Luxembourg and the Netherlands allowed investment funds shifting operations from London to the European Union after Brexit to operate with too few senior…
Amazon settlement with EU antitrust regulators possible by year end -sources
By Foo Yun Chee BRUSSELS (Reuters) -U.S. online retail giant Amazon may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns…
Exclusive-EU antitrust regulators ramp up Microsoft scrutiny, probe likely – sources
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is likely to face an EU antitrust investigation as regulators intensify their scrutiny into its practices in a case triggered by Salesforce.com’s workspace messaging…
Global regulators to target crypto platforms after FTX crash
By Huw Jones LONDON (Reuters) – The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such ‘conglomerate’ platforms will be the focus for 2023, the…
Bahamas financial regulators appoint liquidators for FTX unit
(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” by the…
EU could fall foul of global banking rules, regulators warn
FRANKFURT (Reuters) -The European Union could fall foul of global banking rules designed to stem a repeat of the global financial crisis if proposed changes that would make them looser are passed,…
Citigroup says it’s in dialogue with regulators on consent order
NEW YORK (Reuters) – Citigroup Chief Executive Jane Fraser said on Friday the bank is having “constant and constructive” dialogue with regulators about a consent order issued two years ago requiring the…
Regulators propose first global rules before ‘crypto winter’ thaw
By Huw Jones LONDON (Reuters) – Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a “crypto winter” wiped…
Eight U.S. state regulators charge Nexo for failure to register interest account
(Reuters) -Eight U.S. state regulators on Monday charged cryptocurrency lender Nexo Group for allegedly failing to register its Earn Interest Product, as authorities crackdown on digital asset platforms rocked by a crypto…
EU regulators will not appeal Qualcomm ruling, ending saga
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators confirmed on Friday that they would not appeal a court ruling scrapping its 997 million euro ($1 billion) fine against Qualcomm, drawing…
Exclusive-Illumina in talks with EU regulators to divest Grail – sources
By Foo Yun Chee BRUSSELS (Reuters) -U.S. life sciences company Illumina is in talks with European Union antitrust regulators to divest Grail ahead of an expected EU veto next week of its…
Explainer-Why are bank regulators struggling with climate stress tests?
By Simon Jessop and Huw Jones LONDON (Reuters) – The first stress tests to assess banks’ exposure to the risks of climate change are underestimating the worst-case scenario, the European Central Bank…
Britain’s banking regulators to not take action against former HBOS senior managers- BoE
(Reuters) – Britain’s two banking regulators on Friday concluded that they will not take any enforcement action against certain former unnamed senior managers at the collapsed bank HBOS, the Bank of England…
New ‘candy’ e-cigs catch fire after U.S. regulators stamp out Juul’s flavors
By Chris Kirkham, Arriana McLymore and Gigi Zamora RALEIGH, N.C. – Since 2016, the U.S. Food and Drug Administration has sought to crack down on fruity, sweet-flavored e-cigarettes that hook teenagers on…
Explainer-Britain and regulators square up over post-Brexit financial reform
By Huw Jones LONDON – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of…
Bank of England says weakening regulators would undermine market reforms
LONDON -Weakening the independence of regulators would undermine reforms to bolster Britain’s finance industry, the head of the Bank of England said on Thursday, in a rebuff to proposals from the leading…
U.S. regulators defend requiring more data on monkeypox drug
By Julie Steenhuysen CHICAGO – As U.S. monkeypox cases rise, U.S. health agencies in a medical journal article published on Wednesday defended their decision to require human trial data to show that…
EU antitrust regulators say Viasat’s Inmarsat bid needs their okay
By Foo Yun Chee BRUSSELS – U.S. satellite operator Viasat’s bid for British satellite telecommunications company Inmarsat will need EU antitrust approval before it can be completed, the European Commission said on…
Exclusive: EU antitrust regulators likely to block Illumina, Grail deal – sources
BRUSSELS – EU antitrust regulators are expected to veto U.S. life sciences firm Illumina’s acquisition of biotechnology company Grail, people familiar with the matter said on Wednesday. There are doubts whether concessions…
Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg
(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to monitor employees’ use of unauthorized messaging apps,…
BoE’s Bailey opposes Treasury plan to overrule financial regulators – Sky News
(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday. Bailey has expressed disquiet about…
Archegos urges dismissal of two U.S. regulators’ lawsuits over collapse
By Jonathan Stempel NEW YORK – Archegos Capital Management LP has urged a Manhattan federal judge to dismiss lawsuits by two U.S. regulators seeking fines and restitution over the private investment firm’s…
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